ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Buyer
2) Range Extension Buyer
3) Public went home as a… Neither
4) Buying-Selling Tails Both
5) Open in Bull or Bear Range Buyer
ATTEMPTED DIRECTION: …Bullish
Comments: This shows a bullish bias with a “normal variation” profile.
1) Today’s ES volume compared to prior day & 5-day average
Today (1.020 million) … LOWER vs. the prior day
5-day Avg. (1.306 million) … LOWER vs. the average
2) Value Area: Overlapping-to-higher
3) VA Width: Unchanged
COMMENTS: The VA placement was inside and narrower vs. the previous day’s VA with lower volume.
Monthly Trend = Bullish
Weekly Trend = Bullish
Daily Trend = Bearish
POTENTIAL RESULTS: No economic data will be released after the open. Before the open, however, this will affect the markets: Federal Reserve Chair Janet Yellen , European Central Bank President Mario Draghi, Bank of England Governor Mark Carney, and Bank of Japan Governor Haruhiko Kuroda to participate in panel discussion at the Central Bank Communications Conference in Frankfurt, Germany, with moderated Q&A.
(HVA)Support = 2578.25 to 76.75, 2573.50 to 72.25, 2568.50 to 66.75
(HVA)Resistance = 2580.25 to 83.50 … none
* Indicates important “chart levels” that are not HVAs.
Please use the pivot calculator in the “shared folder” for all of today’s pivots.
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